Plan B » Stocks end the day higher because of the latest jobs report

Spunky · 4/05/2024 3:31 pm

The latest jobs report came in hotter than expected, showing that the US economy added 303,000 jobs last month and the unemployment rate fell to 3.8%, according to Friday data from the Labor Department.
The headline number far surpasses expectations for 205,000 job gains, and underscores the ongoing resilience of the US labor market.
That didn't stop markets from rallying Friday, with the Dow ending the day up by more than 300 points despite the implications for higher interest rates.
Economists had expected the March jobs report to show a strong but slowing job market, with lower month-on-month growth and a steady uptick in joblessness.

4/05/2024 3:31 pm #1